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MACHINIST - Sigma-Vibracoustic sets up Rs 75-cr manufacturing unit in Punjab

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Sigma-Vibracoustic sets up Rs 75-cr manufacturing unit in Punjab
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Written by Arjun   
Thursday, 17 May 2007

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 NEW DELHI: Sigma Vibracoustic India, a 50:50  joint venture between Vibracoustic of Germany [ part of the 4.5 billion-euro Freudenberg Group ] and Sigma India, has stepped up its operations in India by setting up another manufacturing unit in Punjab.The new unit has been set up at a cost of Rs 75 crore for the manufacture of anti-vibration parts for automobiles. Sigma Vibracoustic India already has two manufacturing units in Punjab.

 According to Mr J D Singh, chairman of Sigma Vibracoustic, the state-of-the-art plant is equipped with the best in class equipment for metal treatment, vulcanization and testing. The new plant has a factory area of 1 lakh sq ft and has been specially designed in line with global safety norms, he said.  The two companies have so far invested Rs.96 crore to set up manufacturing facilities for producing anti-vibration components such as engine mounts, bushings, tuned dampers and hydromounts for auto companies.

 Sigma Vibracoustic exports nearly 75% of its production and the customers include European auto majors. The joint venture supplies components to global players like Daimler Chrysler, Volvo, Porsche, Ford and General Motors. In India, customers include the Maruti, the Tata Group and the Mahindras.

 The joint venture is now adding new products to its portfolio. The list includes hydraulic engine mounts and truck air suspensions incorporating latest technologies. These components would be made available to Indian auto companies next year.
 
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